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Volgastallion
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September 14, 2023, 05:36:24 PM |
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There’s a recent news that FTX asset finally received a go signal about liquidating their asset. This might be the reason for the recent price spike since many anticipated that those traders that money got trapped will re-enter on crypto especially those Solana and FTT tokens that is included on tokens that will be liquidated.
I'm not sure if this hype will continue but just like previous spike on 27K, It corrects immediately after few days.
Yes that its true but also a few thinks that its the main reason to keep seeing a low price , because that money its gonna flood the market with a big imbalance on the sell side. And after that we can start to see the price going up again, but for me this year we are still in this channel 22/35 k USD no more. Next year its gonna be another history.
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Taskford
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September 14, 2023, 10:40:27 PM Merited by LFC_Bitcoin (2) |
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There’s a recent news that FTX asset finally received a go signal about liquidating their asset. This might be the reason for the recent price spike since many anticipated that those traders that money got trapped will re-enter on crypto especially those Solana and FTT tokens that is included on tokens that will be liquidated.
I'm not sure if this hype will continue but just like previous spike on 27K, It corrects immediately after few days.
Yes that its true but also a few thinks that its the main reason to keep seeing a low price , because that money its gonna flood the market with a big imbalance on the sell side. And after that we can start to see the price going up again, but for me this year we are still in this channel 22/35 k USD no more. Next year its gonna be another history. We can also add up the recent refund news about Mt Gox so maybe this can stir up some positive vibes to many people and can make majority afraid for upcoming dump because of this news. So its not surprising that we can see those figures to reach that's why its better to be more prepare if that situation came or maybe worse. If there's a prediction contest for sure it will be more exciting since we can see people thought about possible direction of bitcoin.
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aysg76
Legendary
Offline
Activity: 1974
Merit: 2125
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September 15, 2023, 06:28:45 AM |
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The upcoming halving event next year could push it past $40K and it will correct itself after a while. Random predictions!
The market reacts quickly to any big news and at this moment no big investments are made into it or no major news that can push the prices high so they are fluctuating in the same range but yeah we can expect something big from next year halving for sure so keep hold of your coins.
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3kpk3
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September 15, 2023, 08:13:22 AM |
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I'm not sure if this hype will continue but just like previous spike on 27K, It corrects immediately after few days.
This is just short-term hype and it seems like BTC and the rest of the market has already started undergoing a correction. This won't be enough to push BTC price above the $30K barrier. but yeah we can expect something big from next year halving for sure so keep hold of your coins.
This is why I am trying to best to HODL my BTC stash until the halving event in order to secure the best returns.
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Wapfika
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September 15, 2023, 09:04:36 AM |
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The upcoming halving event next year could push it past $40K and it will correct itself after a while. Random predictions!
The market reacts quickly to any big news and at this moment no big investments are made into it or no major news that can push the prices high so they are fluctuating in the same range but yeah we can expect something big from next year halving for sure so keep hold of your coins. Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance. We need something bigger and long term good news to repeat the run like we did on the last bullish cycle.
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avp2306
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September 15, 2023, 09:49:18 AM |
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The upcoming halving event next year could push it past $40K and it will correct itself after a while. Random predictions!
The market reacts quickly to any big news and at this moment no big investments are made into it or no major news that can push the prices high so they are fluctuating in the same range but yeah we can expect something big from next year halving for sure so keep hold of your coins. Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance. We need something bigger and long term good news to repeat the run like we did on the last bullish cycle. Might that scenario will happen if the threat still there regarding on MtGox refund also we can add the FTX controversy then maybe fast shift of pace might happen with this. But if all we can see are hyping situation plus back up with good news maybe for that we can see another healthy halving year the same as before. But we can't tell exact situation since for now only people can do is to predict and speculate.
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Wapfika
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September 15, 2023, 10:22:38 AM |
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The upcoming halving event next year could push it past $40K and it will correct itself after a while. Random predictions!
The market reacts quickly to any big news and at this moment no big investments are made into it or no major news that can push the prices high so they are fluctuating in the same range but yeah we can expect something big from next year halving for sure so keep hold of your coins. Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance. We need something bigger and long term good news to repeat the run like we did on the last bullish cycle. Might that scenario will happen if the threat still there regarding on MtGox refund also we can add the FTX controversy then maybe fast shift of pace might happen with this. But if all we can see are hyping situation plus back up with good news maybe for that we can see another healthy halving year the same as before. But we can't tell exact situation since for now only people can do is to predict and speculate. Yeah, That Mt.Gox issue is pestering crypto market ever since I start on crypto despite this happened many years ago. I guess we can't deny the existence of huge amount Bitcoin siting on their stash for a long time that is now huge amount in fiat. I believe they released a news before that the release of the refund is by batch so there Bitcoin is not a real threat if no one pay importance on it or create FUD out of it because Bitcoin liquidity is much thicker now compared before institutional investors enter on crypto space.
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Haunebu
Legendary
Offline
Activity: 3640
Merit: 1007
www.Crypto.Games: Multiple coins, multiple games
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September 15, 2023, 12:24:28 PM |
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Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance.
Wrong. Halving events don't just lead to temporary hype and history has proven that. Based on the supply and demand logic, BTC tends to go up for quite sometime after a halving event though it may or may not happen immediately. You are clearly underestimating how beneficial these events can be in the cryptocurrency market.
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Eternad
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September 15, 2023, 01:51:51 PM |
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There’s a recent news that FTX asset finally received a go signal about liquidating their asset. This might be the reason for the recent price spike since many anticipated that those traders that money got trapped will re-enter on crypto especially those Solana and FTT tokens that is included on tokens that will be liquidated.
I'm not sure if this hype will continue but just like previous spike on 27K, It corrects immediately after few days.
Yes that its true but also a few thinks that its the main reason to keep seeing a low price , because that money its gonna flood the market with a big imbalance on the sell side. And after that we can start to see the price going up again, but for me this year we are still in this channel 22/35 k USD no more. Next year its gonna be another history. There’s a strong competition between bears and bulls that’s a big news like the FTX liquidation can be interpreted both ways based on the bias of the person who will analyze it. I agree on the range that you provide since the chart in weekly to monthly timeframe doesn’t show any clear direction for the next cycle. One thing is for sure, We shouldn’t purchased altcoins with this uncertainty since altcoins usually perform worst when Bitcoin is not performing well too.
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serjent05
Legendary
Offline
Activity: 3416
Merit: 1313
Top-tier crypto casino and sportsbook
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September 15, 2023, 11:58:00 PM |
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Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance.
Wrong. Halving events don't just lead to temporary hype and history has proven that. Based on the supply and demand logic, BTC tends to go up for quite sometime after a halving event though it may or may not happen immediately. It does lead to temporary hype because it does not maintain any way else, we can have an eternal bull market. See the Bitcoin chart history, it is that Bitcoin halving is one of the major catalyst of Bitcoin bull market transition but we do know that the price does not steadily go up after the Bitcoin halving, it still fluctuates and sometimes there is a dip in between this market transition. You are clearly underestimating how beneficial these events can be in the cryptocurrency market.
As the block reward diminishes in every halving, the effect of the hype created by it also decreases. The power of it being the catalyst for Bitcoin bull run also diminishes since in the latter part, the Bitcoin halving effect is ignorable.
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aysg76
Legendary
Offline
Activity: 1974
Merit: 2125
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September 16, 2023, 03:11:04 AM |
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Wrong. Halving events don't just lead to temporary hype and history has proven that. Based on the supply and demand logic, BTC tends to go up for quite sometime after a halving event though it may or may not happen immediately.
You are clearly underestimating how beneficial these events can be in the cryptocurrency market.
The demand curve has upwards rising slope for all these years while supply is shrinking with each halving event so definitely these events are good for price pumping and historical charts also shows after effects of halving.With more awareness among people and countries regulations the demand is not going to stop while other prefer to hold so we can see it going up.
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3kpk3
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September 16, 2023, 07:13:58 AM |
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It does lead to temporary hype because it does not maintain any way else, we can have an eternal bull market. The power of it being the catalyst for Bitcoin bull run also diminishes since in the latter part, the Bitcoin halving effect is ignorable.
All hype is temporary which is pretty much common sense. However, stating that halving events don't trigger bull-runs is pure stupidity. You clearly need to do more research regarding the impact of halving events on the crypto market. No BTC investor in their right mind would state that the halving effect is ignorable.
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aysg76
Legendary
Offline
Activity: 1974
Merit: 2125
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September 16, 2023, 08:05:15 AM |
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It does lead to temporary hype because it does not maintain any way else, we can have an eternal bull market. The power of it being the catalyst for Bitcoin bull run also diminishes since in the latter part, the Bitcoin halving effect is ignorable.
All hype is temporary which is pretty much common sense. However, stating that halving events don't trigger bull-runs is pure stupidity. You clearly need to do more research regarding the impact of halving events on the crypto market. No BTC investor in their right mind would state that the halving effect is ignorable. If you understand about the market conditions and have understanding about how bitcoin reacts in these cases you will know the positive impact of halving for sure but we can't expect them to boom before or immediately after it as everything is dependent on market forces of demand and supply so time will tell actual need for it and what price range it comes then.
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ultrloa
Legendary
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Activity: 3234
Merit: 1405
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September 16, 2023, 12:22:02 PM |
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It does lead to temporary hype because it does not maintain any way else, we can have an eternal bull market. The power of it being the catalyst for Bitcoin bull run also diminishes since in the latter part, the Bitcoin halving effect is ignorable.
All hype is temporary which is pretty much common sense. However, stating that halving events don't trigger bull-runs is pure stupidity. You clearly need to do more research regarding the impact of halving events on the crypto market. No BTC investor in their right mind would state that the halving effect is ignorable. Maybe for now they lose hope because they see negative impact due to those exchange issue, but to many times manipulators use that and price didn't drop on halving season so most provably that there's still good changes like bull run gonna happen when halving season come. Also I notice that many talk about BTC price on thus thread and nothing about Bitcasino promotions or other related stuff maybe many miss to see the prediction contest running.
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AbuBhakar
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September 16, 2023, 01:34:30 PM Merited by LFC_Bitcoin (1) |
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Anyone here enjoy Blaying Bitcasino Blackjack? This is an awesome version of first person blackjack because of its unique side bet called tripple treat. It can reward you up to x1000 if you match the 3 cards it show. This is the highest side bet pay rate I know on all the blackjack game I play since evolution gaming only offer x100 on a suited trip which is hard to achieve too.
I will try to share some screenshots later if a I manage to hit a decent multiplier on the siders
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Betwrong
Legendary
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Activity: 3864
Merit: 2298
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September 19, 2023, 11:39:18 AM |
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you are going to win.  Yeah, we will win  Absolutely. That's the spirit we should have here. To be born is a big win already. They say, it's 1 in 400 trillion chance. So, we can expect to win with any odds.  Unfortunately, my internet connection has trouble. Until now, sometimes it gets slower. I already phoned my ISP and they only said we apologize for your inconvenience. Please be patient and wait until it is fixed.
But in my last game, I did not win and only lost some money. After it is finished, I will try to see my luck. I hope it will change soon and get my wins. Your troubles with internet will be solved soon. I'm not a fortune teller, but some things are easy to predict.  May luck be with you next time!
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3kpk3
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September 19, 2023, 12:24:25 PM |
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Also I notice that many talk about BTC price on thus thread and nothing about Bitcasino promotions or other related stuff maybe many miss to see the prediction contest running.
Many members do talk about Bitcasino promotions(Telegram, Site, Twitter etc) on a regular basis in this thread based on what I observed which is why I have to disagree with you here. Some of them talk about prediction contests too(Deadlines, Winners etc) now and then.
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ajiz138
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Also I notice that many talk about BTC price on thus thread and nothing about Bitcasino promotions or other related stuff maybe many miss to see the prediction contest running.
Because it is still related to the previous prediction contest so there is a discussion of bitcoin, but for me it doesn't matter because bitcasino promotions or others we can still see in this thread. Recently, on Telegram Bitcasino Promotion (Wild Waves Megaways Gem Race) indicates that they are still continuing their promotion. https://bitcasino.io/promotions/2023-09-19-wild-waves-megaways-gem-race?ref=bctelegramTelegram: https://t.me/bitcasino/549Just like Bitcasino said on Twitter;  Stay wise, play responsibly and enjoy your winning journey
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LFC_Bitcoin
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